a. The Legislature finds that the New Jersey Automobile Full Insurance Underwriting Association, created pursuant to section 16 of P.L.1983, C. 65 (C. 17:30E-4), is currently operating in a substantially impaired financial state with an operating deficit which the association has estimated to be in excess of $3 billion and that, based upon the results of a recent claim and underwriting review and financial audit, the Commissioner of Insurance stated that mismanagement by the insurance companies acting as servicing carriers cost the association $908 million between its inception in 1984 and 1988. The Legislature further finds that the association is not earning new premium income or collecting subsidies in an amount sufficient to pay its claims and expenseS.The Legislature further finds that under the above enumerated circumstances the association, if it were a licensed insurer, would likely be declared financially impaired or insolvent pursuant to the provisions of P.L.1975, C. 113 (C. 17:30C-1).

b. Therefore,

(1) Within 90 days of the effective date of this 1990 amendatory and supplementary act, the commissioner shall appoint a trustee, who shall be a person experienced in insolvency or bankruptcy, who shall not, during his tenure as trustee be affiliated with or employed by an insurer. The trustee shall serve at the pleasure of the commissioner and shall be paid from funds available to the New Jersey Automobile Insurance Guaranty Fund created pursuant to section 23 of this act, in an amount and manner as determined by the commissioner. The trustee shall carry out his obligations as provided in this act and the plan of operation promulgated pursuant to paragraph (2) of this subsection.

(2) The trustee shall, as soon as possible upon appointment, promulgate a plan of operation to be approved by the commissioner. Pursuant to the plan of operation, the trustee shall have the authority to disburse funds made available from the New Jersey Automobile Insurance Guaranty Fund pursuant to section 23 of this act and such other monies as may be appropriated to or otherwise made available to the fund or the association, including those monies collected by the association pursuant to section 20 of P.L.1983, C. 65 (C. 17:30E-8), on behalf of the association for the payment of claims and other financial obligations of the association, including the contracts with the servicing carrierS.The plan shall provide for the payment of covered losses on behalf of the association. Among other things necessary to the orderly evaluation, prioritization and disbursement of monies payable on behalf of the association, the plan shall contain a schedule for the prioritization of claims payments by the type of claim for which payment is due. The schedule may provide for the deferral of the payment of residual bodily injury losses over a period not to exceed four yearS.The schedule may also provide for the deferral of other payments only upon certification by the commissioner that the fund cannot by any other available means secure the monies necessary to pay those losseS.However, the plan shall not provide for the deferral of payment of damages which are due and payable for present economic loss under any circumstance.

(3) The trustee shall report to the commissioner biannually, or more frequently if ordered by the commissioner, on the financial condition of the association and the disbursement of funds pursuant to the plan of operation. The commissioner shall make an annual report on the activities of the trustee to the Legislature and the Governor. The report shall contain an accounting of the immediately preceding annual period, including a report of the financial obligations attributable to the association; the income available to and the disbursements made by the trustee during that period; and a projection of the financial obligations, anticipated income and expected disbursements for the immediately succeeding annual period.

(4) In fulfilling his duties pursuant to this subsection, the trustee shall avail himself of the services of association staff and shall utilize association procedures, equipment and supplies to the extent such use facilitates fulfillment of the trustee’s dutieS.The trustee shall have the authority to continue any audit being conducted with regard to the operations of the association and to conduct such auditS.

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I appreciate very much the service I am receiving with regards to my case. Mr. Patel and his staff have been so kind and forthcoming in doing everything they can to help me with my situation. I'm always called to advise me about my case and what we need to do moving forward. Mr. Patel has called me directly each time advising me. I appreciate all the help and respect I am receiving concerning my case. This law firm cares about their clients with respect and straight forwardness... I respect Mr. Patel and his staff and look forward to moving on with hope and faith in Mr. Patel. Excellent Customer Care. Superb Work Ethics. I'm extremely satisfied with Mr. Patel and his Wonderful Staff. I will recommend this law firm to my friends y family most definitely. Thank you Mr. Patel and Your Staff. Peace to all. Edward Stack Teaneck, N.J.🙏

The Law Offices of PATEL, SOLTIS and CARDENAS are the only Law Offices would recommend to anyone in need of legal services. They were helpful from the moment they answer my phone call for the first time.
Having previously 4 other Law Firms just waste my time, money and make my situation even worst. I really needed help fast!
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Mr. Cardenas did the impossible for me. I have never had better service. The width and depth of his experience was amazing.
For two years my brother mismanaged our parents estates in both NJ and NY. Since I was overseas I didn't think I could do anything about it. However, Mr. Cardenas was able to fight on my behalf to have my brother stop stealing from the estates. Both properties are now listed for sale and my brother is being forced to pay back the money he took. Everyone in my family is satisfied, except for him.
Mr. Cardenas was amazing.

This review is for Mr. Patel. I am suprised that he was able to help me in my situation. I had gone to two bankruptcy lawyers before, and didn't understand that my case involved so much more. There was a foreclosure issue, and also an estate issue that I had to deal with. He and his entire team were able to handle my case and I can't thank them enough. I wish I had found them sooner. Keep up the good work guys. Thanks so much.

Attorney Lazaro Cardenas is a God-send. Our situation is complicated and I was not even sure my mother's house can be saved. There were so many complications that I really feared that my brother and I would lose the house. Attorney Cardenas was very reassuring. He was very confident that we will not lose the house and he was right. It took almost a year only because of the process involved in getting documents submitted, records retrieved, and everything else that is expected of getting ownership transferred to my brother and I. To be honest, I am not sure about the actual process because Attorney Cardenas and his office took care of everything. When he felt that the mortgage company was delaying the process, he suggested that we obtain our own financing and referred me to a colleague who was so helpful and so patient and so sensitive to our needs. The whole time he was also checking on financing process to make sure we were not being taken advantage of. He was always on top of everything. Mind you, he is a busy man. But he never took his eyes off of us. He even checked on the new mortgage agreements to make sure we are indeed getting a good deal.
Yesterday, July 23rd, we closed on our home. It is officially ours. I had some doubts along the way, brought on by not knowing the process but Attorney Cardenas always allayed my fears. I cannot thank him and his office enough for helping us save our home. God bless the Law Offices of Patel, Soltis, and Cardenas!

Went in worried and confused...left confident and filled with knowledge. I met with Lazaro Cardenas, but others offered their assistance as well. They saved me money and time...Very pleased I went to them,

My husband and myself are currently in the situation of trying to short sell our house in NJ. We currently live and have purchased a home in another state. My husband’s employment is in this state so we made the decision to not return to the house in NJ. The short sale fell through a month before the settlement date and faced with a foreclosure and wondering what the ramifications would be to my very good credit I panicked. I reached out to this law office and was promptly contacted by Derek Soltis. After explaining my concerns, he patiently took the time to walk me through my options and what was and was not likely to happen. After speaking to him I felt grounded and clearer about what to do next. I must say it is rare to find a professional willing to advise you for free. I most definitely would and will reach out to Mr. Soltis if I ever have need for legal representation in the future. Thank you Derek and may your business be blessed.

Lazaro Cardenas drew up a new will, power of attorney, and health care proxy for me. He accommodated my schedule by staying after regular business hours, explained everything fully, didn't rush me, was respectful of my wishes, and so on. Everyone I met at the office was pleasant. I recommend this firm, and Mr Cardenas in particular, without reservation.

I called the law office this morning and had the pleasure of speaking with Attorney Cardenas. He took the time to hear the case I was presenting, and did not rush me. After hearing all the evidence he told me I had a very difficult case to win and declined to take it. I so appreciate his honesty and the fact that he did not try to give me false hope in order to take my money. That is rare these days. I highly recommend this firm.

Amazing experience with Derek Soltis. I was able to receive detailed and invaluable advice. Mr. Soltis is knowledgeable and approachable. I also had occasion to speak with other attorneys in the firm and the same applies. Highly recommended.

I called them for a consultation and wanted to pay them for their time. They graciously refused. One of the attorneys spent about a half hour on the phone with me completely free of charge, walking me through my options and actually commiserating with me! I was able to get the answers I needed, but if I needed to engage their services officially I would have no doubt they would be prompt, competent, and professional. Thank you for your time!

This review is for Derek Soltis - I am a property owner in NYC and had a foreclosure issue with one of my properties. Through a phone call Mr. Soltis provided me with the guidance to resolve the issue on my own without hiring him as an attorney. The process was straight forward but was unknown to me. With Derek's advice I was able to address the issue. He took some time to briefly educate me on the "process" and got me pointed in the right direction. I respect that Mr. Soltis assisted me with guidance and did not ask for payment even though this was the first time I had spoken with him. This is the sign of a true professional. I would not hesitate to contact Derek Soltis in the future to represent me in legal matters.

Was referred to Mr. Patel by a friend. I had concerns about my Mom's estate. They were able to get me assigned as the executor. Helped me transfer her home into my Sister and I's names . He worked with me on every question I had. He was able to talk me through one of the hardest things I have ever had to do in my life.

The team at Patel and Soltis are excellent. They are expert in all aspects of real estate law. They helped my husband and I purchase our home, which involved a difficult and tedious short sale process. Without a doubt, we would not have made the deal happen without them. They are respectful, responsive and knowledgeable. I recommend them without reservation.

I just got off the phone with Derek Soltis and I am so impressed and grateful I found him. I had a couple of preliminary questions before I even came him and he answered them HONESTLY. Not all attorneys will be so honest if something is worth proceeding forward with....but Derek is so honest and made me feel very comfortable. I would highly recommend this law office based off my conversation with Derek. He is kind, honest, articulate, and actually cares. Now I hope something happens to where I need to hire an attorney because I will hire Derek for sure. Thanks so much for your advice Derek! The law industry needs more lawyers like you

Mr. Patel was very helpful in my foreclosure case. He answered numerous questions regarding the case. He discussed it in detail and I am very pleased with my experience. Thank you very much and a job well done. George

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